FASSI.BE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FASSI.BE
Largest movements
- Cash +€1.7m
up €1.7m (+255%), from €662,431 to €2.3m
mainly Trade debts (+€1.5m) and Net result for the year (+€525,555)
- Tangible fixed assets -€153,071
down €153,071 (-6.6%), from €2.3m to €2.2m
of which Land and buildings: -€114,295
- Stocks and contracts -€141,061
down €141,061 (-16.5%), from €853,040 to €711,979
- Current investments -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Trade debts +€1.5m
up €1.5m (+171%), from €875,076 to €2.4m
- Debts after one year -€198,756
down €198,756 (-12.8%), from €1.6m to €1.4m
- Reserves +€145,222
up €145,222 (+11.2%), from €1.3m to €1.4m
of which Tax-exempt reserves: +€252,222
- Gross operating margin -€254,232
down €254,232 (-13.0%), from €1.9m to €1.7m
- Taxes -€122,898
down €122,898 (-35.2%), from €349,078 to €226,180
- Financial charges -€37,543
down €37,543 (-30.8%), from €121,871 to €84,328
- Staff costs +€35,899
up €35,899 (+5.6%), from €637,691 to €673,590
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,071,072 | €6,448,449 | +€1.4m | +27.2% |
| Fixed assets | 21/28 | €2,316,846 | €2,163,774 | -€153,071 | -6.6% |
| Tangible fixed assets | 22/27 | €2,314,446 | €2,161,374 | -€153,071 | -6.6% |
| Land and buildings | 22 | €2,199,192 | €2,084,898 | -€114,295 | -5.2% |
| Plant, machinery and equipment | 23 | €91,006 | €61,427 | -€29,579 | -32.5% |
| Furniture and vehicles | 24 | €24,247 | €15,049 | -€9,198 | -37.9% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €2,754,226 | €4,284,675 | +€1.5m | +55.6% |
| Stocks and contracts in progress | 3 | €853,040 | €711,979 | -€141,061 | -16.5% |
| Stocks | 30/36 | €853,040 | €711,979 | -€141,061 | -16.5% |
| Amounts receivable within one year | 40/41 | €988,756 | €1,047,907 | +€59,152 | +6.0% |
| Trade receivables | 40 | €975,383 | €975,207 | -€176 | 0.0% |
| Other amounts receivable | 41 | €13,372 | €72,700 | +€59,328 | +444% |
| Current investments | 50/53 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €662,431 | €2,349,522 | +€1.7m | +255% |
| Deferred charges and accrued income | 490/1 | - | €50,267 | +€50,267 | |
| Total equity and liabilities | 10/49 | €5,071,072 | €6,448,449 | +€1.4m | +27.2% |
| Equity | 10/15 | €1,459,537 | €1,605,093 | +€145,555 | +10.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,295,000 | €1,440,222 | +€145,222 | +11.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €252,222 | +€252,222 | |
| Distributable reserves | 133 | €1,285,000 | €1,178,000 | -€107,000 | -8.3% |
| Profit (loss) carried forward | 14 | €64,537 | €64,871 | +€333 | +0.5% |
| Amounts payable | 17/49 | €3,611,534 | €4,843,357 | +€1.2m | +34.1% |
| Amounts payable after more than one year | 17 | €1,551,797 | €1,353,041 | -€198,756 | -12.8% |
| Financial debts | 170/4 | €1,551,797 | €1,353,041 | -€198,756 | -12.8% |
| Amounts payable within one year | 42/48 | €2,059,737 | €3,490,315 | +€1.4m | +69.5% |
| Current portion of amounts payable after more than one year | 42 | €198,772 | €202,659 | +€3,887 | +2.0% |
| Financial debts | 43 | €80,000 | €109,167 | +€29,167 | +36.5% |
| Credit institutions | 430/8 | €80,000 | €109,167 | +€29,167 | +36.5% |
| Trade debts | 44 | €875,076 | €2,372,843 | +€1.5m | +171% |
| Suppliers | 440/4 | €875,076 | €2,372,843 | +€1.5m | +171% |
| Taxes, remuneration and social security | 45 | €343,813 | €285,741 | -€58,071 | -16.9% |
| Taxes | 450/3 | €343,813 | €223,754 | -€120,058 | -34.9% |
| Remuneration and social security | 454/9 | - | €61,987 | +€61,987 | |
| Other amounts payable | 47/48 | €562,077 | €519,905 | -€42,172 | -7.5% |
| Remuneration, social security and pensions | 62 | €637,691 | €673,590 | +€35,899 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,629 | €184,821 | +€2,192 | +1.2% |
| Other operating charges | 640/8 | €37,417 | €19,588 | -€17,830 | -47.7% |
| Gross operating margin | 9900 | €1,948,234 | €1,694,002 | -€254,232 | -13.0% |
| Operating profit (loss) | 9901 | €1,090,498 | €816,004 | -€274,494 | -25.2% |
| Financial income | 75/76B | €16,348 | €20,059 | +€3,711 | +22.7% |
| Recurring financial income | 75 | €16,348 | €20,059 | +€3,711 | +22.7% |
| Financial charges | 65/66B | €121,871 | €84,328 | -€37,543 | -30.8% |
| Recurring financial charges | 65 | €121,871 | €84,328 | -€37,543 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €984,975 | €751,736 | -€233,239 | -23.7% |
| Income taxes | 67/77 | €349,078 | €226,180 | -€122,898 | -35.2% |
| Profit (loss) for the period | 9904 | €635,897 | €525,555 | -€110,341 | -17.4% |
| Transfer to tax-exempt reserves | 689 | - | €252,222 | +€252,222 | |
| Profit (loss) for the period to be appropriated | 9905 | €635,897 | €273,333 | -€362,563 | -57.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.